GM is surging after giving strong guidance, saying it would use Cadillac to compete with Tesla

General Motors gave strong 2019 guidance Friday morning.
The automaker also announced it would use its Cadillac brand to take on Tesla in the electric-vehicle market.
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General Motors was rallying Friday, up more than 9%, after the company gave strong 2019 guidance and said it would use its Cadillac brand to take on Tesla .
Friday's gains have GM shares trading near $37.50, and at their best level since the beginning of December. A close above $38.45 would be the highest since late July.
After four years of record or near record US sales of about 17 million...Read more ...

GM is defying naysayers with a bullish 2019 outlook, and plans to take on Tesla with Cadillac

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At its Capital Markets Day in New York, GM predicted that 2019 auto sales in the US and China could hold up.
GM also told Wall Street that it could beat its 2018 earnings guidance, and it guided markedly higher than consensus for 2019.
The company also announced that Cadillac would become its lead electric-vehicle brand.
The global auto industry is entering a defensive crouch in early 2019, but General Motors is a notable exception.
On Friday, the largest US carmaker by sales kicked off its Capital Markets Day in New York with a bullish outlook for 2019 and a...Read more ...

GM says 2018 earnings to top prior forecast, shares jump 7 percent

General Motors Co said on Friday it expects 2018 adjusted earnings per share to exceed its prior estimates and forecast 2019 earnings above Wall Street expectations, sending its shares up more than 7 percent.Read more ...

GM raises 2018 forecast, predicts stronger 2019 earnings

DETROIT - General Motors strengthened its pretax profit estimate for 2018 and predicted even stronger performance for this year as it executives made a presentation to investors on Friday.
Shares jumped 7 percent at the opening bell.
CEO Mary Barra also says the company doesn't foresee any further job cuts through 2020. Last year GM announced plans to close five North American factories and lay off 14,000 salaried and blue-collar workers.
The company predicts 2018 pretax, per-share profits will be higher than the $5.80 to $6.20 range it forecast in the third quarter. For 2019, it expects...Read more ...